The move has been met with a fierce denunciation by the U.S. Chamber, which ran one of the largest ad campaigns using secret corporate money last year. In an interview with the New York Times, Chamber executive compared President Obama to Muammar Qaddafi,

Legal penalties for financial fraud in the U.S. have become "just a cost of doing business," Stiglitz said. "It's like a parking fine". You risk a ticket to avoid walking around the corner to the parking lot. The fine is tiny compared to the profits made